Industry Research Report | North America Industrial Automation Market Report (2025-2029)

From 2024 to 2029, the North American industrial automation market will maintain steady growth, with a market size of USD 51.378 billion in 2024 and a projected USD 76.8619 billion in 2029, representing a CAGR of 8.4% and an incremental growth of USD 25.4839 billion. The market features a fragmented structure with moderate competition, low bargaining power for both buyers and suppliers, and low threats from new entrants and substitutes. The US stands as the largest and fastest-growing regional market (CAGR of 8.5%); PLCs account for the largest product segment (25.9% market share in 2029); sensors are the fastest-growing product segment (CAGR of 9.1%); process industries represent the largest end-user segment (67.2% market share in 2024); and discrete industries are the fastest-growing end-user segment (CAGR of 9.1%). Key growth drivers include the adoption of Industry 4.0, rising labor costs and shortages, reshoring initiatives and government policies, while the major challenges involve technical difficulties, cybersecurity risks and integration complexity. ABB, Rockwell Automation, Siemens and other enterprises are the core players in the market.

The North American industrial automation market reached USD 51.378 billion in 2024 and is expected to hit USD 76.8619 billion by 2029, with a compound annual growth rate (CAGR) of 8.4% during 2024-2029 and an incremental growth of USD 25.4839 billion, equivalent to 50% of the 2024 market size.

From 2019 to 2023, the market expanded from USD 42.3325 billion to USD 47.7217 billion, with an incremental growth of USD 5.3892 billion and a CAGR of 3.0%.

The market entered a growth phase in 2024 with a fragmented structure. Market players mainly focus on innovation and mergers & acquisitions (M&As); the market is subject to stringent regulatory controls and faces moderate disruption risks.

Key Highlights: The US is the largest and fastest-growing regional market, leading the North American market growth; Mexico registers the slowest growth.